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economy is continuing to heal. so both the white house and the romney campaign weighing in. >>> the last jobs report, of course, is not without controversy. some even accused the obama administration of cooking the books to bring the unemployment down. misguided accusation, for sure. the method used to calculate the numbers can be confusing. with so much on the line we'll explain exactly how it works and talk to the secretary of labor about today's report. busier highways.see usn on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. month there was quite a bit of controversy when the jobs report was re leleased and unemploymen ticked up to 8.0%, but now tick back slightly to the right now sh, and some people felt that the obama administration had manipulated the numbers after president obama'
economy is continuing to heal. so both the white house and the romney campaign weighing in. >>> the last jobs report, of course, is not without controversy. some even accused the obama administration of cooking the books to bring the unemployment down. misguided accusation, for sure. the method used to calculate the numbers can be confusing. with so much on the line we'll explain exactly how it works and talk to the secretary of labor about today's report. busier highways.see usn on...
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that is not what you are going to get out of the economy that we came out of. so general ly speaking, this is advantage obama, because he has had job growth since he has come into office with the exception of a few months, but, you know, if i were working for the romney came pain, i would say, really? 7.9% unemployment, and job growth that is not anywhere close to what you are saying it is going to be over the next four years and why should we listen to you about that when you have not done it in this period of time. and then the issue of quality of jobs. president obama can say that he has replaced and more every single job that was lost on his watch, because of a recession that he didn't recreate, but presidential candidate romney says, it is not enough. these are not great quality jobs. so i said earlier today that the revisions to august and september and then the new number for october, 171,000, it is in the vicinity of good job creation. plus 200,000 a month would be good job creation. in august we got 192, and then in september down to 171, and that is i
that is not what you are going to get out of the economy that we came out of. so general ly speaking, this is advantage obama, because he has had job growth since he has come into office with the exception of a few months, but, you know, if i were working for the romney came pain, i would say, really? 7.9% unemployment, and job growth that is not anywhere close to what you are saying it is going to be over the next four years and why should we listen to you about that when you have not done it...
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the economy added 171,000 jobs last month. joining me to talk about the numbers, georgia tech economist danny. good to see you. you and i have been doing this every month. >> that's right. >> here is the final number here. when you look at these numbers, what does it say to you in terms of the stress and recovery? is it good news or is it bad news for how the administration has been handling the recession and the recovery? >> all right. well, short answer. if i was grading this in my economics 101 class, i would give it a grade c. unemployment went up. this is a strong signal about what's happening in the economy. we've had 171,000 jobs created. now, more than that were created. 1 4,000, but the governor -- government took away 13,000. last month in september, that number was revised upwards by 30%. the month before that it was revised upward by 60%. we've been averaging about 170,000 jobs over the last five months. >> so the unemployment rate ticked up a little bit, so people are going to look at that number and say, well, th
the economy added 171,000 jobs last month. joining me to talk about the numbers, georgia tech economist danny. good to see you. you and i have been doing this every month. >> that's right. >> here is the final number here. when you look at these numbers, what does it say to you in terms of the stress and recovery? is it good news or is it bad news for how the administration has been handling the recession and the recovery? >> all right. well, short answer. if i was grading...
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Oct 31, 2012
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latin america's economy is almost as large as that of china. a large middle class and growing middle class. this is a big opportunity for us to trade and to expand the sales of our goods and services in latin america. but by the way, if nations cheat and china has over the years that has to end. we can't let them steal our jobs with unfair trade practices. number three -- number one is energy. number two is trade and number three is skills, not only for our current workers but also we've got to make sure that our schools stop being at the bottom of the pile. we are at the bottom third or bottom quartile. they have to be world class globally competitive. you have done something about that here, governor. this governor was the education governor that all of us looked at with admiration. and he can describe this better than i can but one thing he did is grade schools to determine which ones are succeeding and which ones weren't and if a school is not succeeding why the kids in the school given the ability to go to another school. could be a charte
latin america's economy is almost as large as that of china. a large middle class and growing middle class. this is a big opportunity for us to trade and to expand the sales of our goods and services in latin america. but by the way, if nations cheat and china has over the years that has to end. we can't let them steal our jobs with unfair trade practices. number three -- number one is energy. number two is trade and number three is skills, not only for our current workers but also we've got to...
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. ♪ the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> the u.s. justice department announced it's sending hundreds of federal observers to monitor polling places. cnn's joe johns joins me from washington. joe, why are they doing this? how unusual is this? >> reporter: it's not that unusual. four years ago they sent roughly the same number out to watch the election in 2008. the bottom line here is they are sendsing quite a number of people, something like 780 federal observers. they'll be going to something like 23 different states, about six or seven battleground states among them. 51 separate jurisdictions within the states, fred. and which states are we talking about? going to be hitting the
. ♪ the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> the u.s. justice department announced it's sending hundreds...
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people understand the economy is improving. but the real debate is whether it is fast enough and whether mitt romney could have done a better job. in toledo, ohio, today, one of the battle ground counties of ohio, the must win buckeye state, i spoke to mayor bell, he put it out that january 2009, unemployment here was 12.6% in this county. today it is around 7.5, lower than the national average. that is a measurable improvement. that doesn't mean the economy is going on all cylinders right now. but there is measurable improvement, and that becomes -- for big debate, romney saying he could have proved things faster, president obama saying don't return us to policies that got us here in the first place. >> but, ali, when you look at the unemployment rate in ohio now is 7%, below the national average, will people give -- will voters give that credit to john kasich, the republican governor here or does that go to the president? >> that's a good question. yeah. that's exactly the question. in a number of these swing states where the
people understand the economy is improving. but the real debate is whether it is fast enough and whether mitt romney could have done a better job. in toledo, ohio, today, one of the battle ground counties of ohio, the must win buckeye state, i spoke to mayor bell, he put it out that january 2009, unemployment here was 12.6% in this county. today it is around 7.5, lower than the national average. that is a measurable improvement. that doesn't mean the economy is going on all cylinders right now....
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we've got five critical things i want to do to get this economy going. and the governor mentioned one of them. and that is energy. i want to take full advantage of our oil, our coal, our gas, our nuclear, our renewables. and i know -- that you know, when we have more plentiful energy, and we can have north american energy independence within eight years, what that means, of course, is lower prices at the pump and lower costs for fuel at your home. it also means jobs. and that's the reason i mention it. because it's not only jobs in the energy sector. coal and gas and oil. but it's also jobs in manufacturing, like right here. because there's a lot of energy used in the lumber products arena, and making fiberglass and assembling these products and manufacturing them. when energy costs are lower, then we're able to create more manufacturing jobs. and that's why it's so critical. we have this ace in the hole, this energy. and the president has been stalling on this for the last four years. and i won't stall. we're going to unleash the power of our energy res
we've got five critical things i want to do to get this economy going. and the governor mentioned one of them. and that is energy. i want to take full advantage of our oil, our coal, our gas, our nuclear, our renewables. and i know -- that you know, when we have more plentiful energy, and we can have north american energy independence within eight years, what that means, of course, is lower prices at the pump and lower costs for fuel at your home. it also means jobs. and that's the reason i...
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we're in place of youngstown that has been destroyed by the economy over decades. this was the second biggest steeltown after pittsburgh. then lost steel. then oil factories. lordstown which nearly got crushed during the recession. it's back. it's got three shifts. it makes the chevy cruz, and they have fracking. some people say it brings earthquakes. some locals say so what, we need the jobs. i spoke to one supporter who is going to support president obama, but she still has problems with the economy. here's what she told me. >> it's very hard for me to talk to the younger generation or the generation that's my age when you say you went to college and you owe $60,000 in loans and you're not making no more than a person that's working at a mcdonald's. >> yeah. so that's kind of the thing that we're hearing a lot of around here. you know, they like obama, and but really jobs are going to be the most important thing. you know tomorrow morning the big jobs report comes out. that's going to be pivotal. >> when you listen to that young woman, that is really kind of an e
we're in place of youngstown that has been destroyed by the economy over decades. this was the second biggest steeltown after pittsburgh. then lost steel. then oil factories. lordstown which nearly got crushed during the recession. it's back. it's got three shifts. it makes the chevy cruz, and they have fracking. some people say it brings earthquakes. some locals say so what, we need the jobs. i spoke to one supporter who is going to support president obama, but she still has problems with the...
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Nov 1, 2012
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impact on how people vote next week because what matters for voters is what's going on with your own economy an your own life. do you have a job? does your spouse have a job? people are more likely to vote about their own situation. brooke? >> back to the numbers in the report. what is the possibility, alison, the numbers, additional 158,000 jobs added might be foreshadowing to what we get in the all-important jobs report tomorrow? >> the reality is adp missed many times. kind of meant to be an appetizer. as you said, the official labor department report comes out friday and counts both jobs in the private and public sectors. expectation there is not as rosy as adp. economists of cnn money said that they expect a gain of 125,000 positions last month but you know what? even with those gains, we are at this point where we're hardly adding enough to keep up with population growth much less bring down the unemployment rate in a significant fashion and with days before the election, both sides you can bet they find something to talk about in this report, you know, president obama can say it's bet
impact on how people vote next week because what matters for voters is what's going on with your own economy an your own life. do you have a job? does your spouse have a job? people are more likely to vote about their own situation. brooke? >> back to the numbers in the report. what is the possibility, alison, the numbers, additional 158,000 jobs added might be foreshadowing to what we get in the all-important jobs report tomorrow? >> the reality is adp missed many times. kind of...
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it goes to the heart of the economy. people assume the economy may be improving slightly, like youngstown. but has it recovered fast enough and would it do better under mitt romney? the other issue is with this ad, whether this say pattern of mitt romney on trying fast and loose with the facts. the fact checks her a fie s hee day with this particular ad. this state couldn't be tighter. this thing is tight. and both campaigns are going all out to win ohio. >> the people you talked to in ohio, what do they make of this? do they think this is a very relevant issue to them? >> absolutely. it is an economic issue. it is an issue of the region's recovery. it is extraordinary, chrysler's profits are up 80%. but ohio, especially this part of ohio we're in, northeastern ohio has seen manufacturing leave the state for decades. all of a sudden it is starting to comeback. so there is a sense of optimism. this is the first time that ohio's unemployment rate is lower than the nation's. but no republican has ever been elected without w
it goes to the heart of the economy. people assume the economy may be improving slightly, like youngstown. but has it recovered fast enough and would it do better under mitt romney? the other issue is with this ad, whether this say pattern of mitt romney on trying fast and loose with the facts. the fact checks her a fie s hee day with this particular ad. this state couldn't be tighter. this thing is tight. and both campaigns are going all out to win ohio. >> the people you talked to in...